OPEC at 65: Many Challenges in the Global Energy Market

The Organization of the Petroleum Exporting Countries (OPEC) marks its 65th anniversary—an institution created to change the rules of the game in the global energy market. Founded on September 14, 1960, in Baghdad, this alliance—conceived by Venezuelan Juan Pablo Pérez Alfonzo, known as the “Father of OPEC”—has consolidated itself as a key player with the […]

Complexities of the oil relationship between Venezuela and the U.S.

Relations and exchanges between the countries are determined more by the economic convenience of each country than by any other factor. Throughout history, Venezuela and the United States have been trading partners, especially in the area of hydrocarbons. Its roots go back to the beginning of the 20th century, with an evolution marked by political […]

Interview with Juan Carlos Sánchez

Juan Carlos Sánchez is a distinguished industrial engineer and Ph.D. in Environmental Sciences from the National Institute of Applied Sciences in Toulouse, France. With over 35 years of experience, he has served as a technical advisor to Venezuela’s Ministry of Energy and Mines and the Ministry of Foreign Affairs. He has played an active role […]

Can Venezuela Overcome Its Power Crisis?

A technical-economic perspective on renewable energy and natural gas as real alternatives to Venezuela’s electrical emergency. Venezuela is facing a structural crisis in its electrical system. The country’s main hydroelectric plants —Simón Bolívar (Guri, the eleventh-largest dam in the world with 77,970,000 m³ of capacity and 47,000 GWh in generation), Macagua, and Caruachi— are severely […]

Oil spills in Venezuela

The figures presented below are the result of the monitoring and systematization of news and reports on oil spills in Venezuela. We must point out that the information was gathered by analyzing portals, networks and expert organizations on the subject such as Clima 21, the Observatorio de Ecología Política de Venezuela, the Observatorio Venezolano de […]

Flaring of natural gas: global impact and Venezuela’s critical case

Flaring of natural gas is one of the main sources of carbon dioxide (CO₂) emissions worldwide. Although it is sometimes necessary for safety reasons or due to the lack of infrastructure to capture and process gas, its excessive use represents a serious environmental threat, a waste of energy and industrial resources, and a risk to […]

Strategic Reflections on Oil and Energy Policy: Interview with Dr. Juan Carlos Echeverry

Juan Carlos Echeverry holds a degree in Economics from Universidad de los Andes; a Ph.D. in Economics from New York University; a Diploma in International Economics from the Kiel Institute for the World Economy in Germany; and has pursued postgraduate studies in Philosophy at the Complutense University of Madrid, Spain. He has served as Minister […]